The country will receive raw materials for building renewable energy capacity of 6-7 GW, which are currently stuck in Chinese ports, in another month, Amitesh Kumar Sinha said in a web conference organised by RE consultancy firm Bridge to India.

NEW DELHI: The government has no plans to slash its target of achieving 175 gigawatt of renewable energy capacity in the country by 2022 in the wake of the Covid-19 outbreak and the nationwide lockdown.

The country will receive raw materials for building renewable energy capacity of 6-7 GW, which are currently stuck in Chinese ports, in another month, Sinha said in a web conference organised by RE consultancy firm Bridge to India and the World Wide Fund for Nature (WWF).

Industry players expressed optimism about the long-term outlook of the sector.

“This (Covid-19 outbreak) is a black swan event; it's not the end of the world,” said Sanjeev Aggarwal, founder and CEO of Amplus Solar.

Ravinder Singh, chief business developer at Tata Solar, said one quarter of stagnancy would be the best case scenario for the industry while three quarters of impact would be the worst case outlook. “There isn't going to be a long-term impact,” he said.

MNRE said it wants all generators running to their full capacity. The only exception on this matter would be due to issues of grid safety, it said. The government has granted renewable energy stations a "must-run" status during the lockdown.

The ministry has also extended the deadline for the approved list of models and manufacturers (ALMMs) by six months to provide some relief to RE firms that are under duress due to the Covid-19 crisis. The earlier deadline was March 31.